Branch Manager, Banking
Salary

Banking Branch Managers in the United States pull down an average of $52K per year. The range in cash compensation to Banking Branch Managers (largely between $36K and $77K) includes potential earnings of $12K from bonuses, $5K from profit sharing, and commissions of $12K in exceptional cases. This group's pay is mainly influenced by the company, followed by the particular city and experience level. Women Banking Branch Managers who took the survey just slightly outnumber men. Most Banking Branch Managers like their work and job satisfaction is high. A large number report receiving medical coverage from their employers and most collect dental insurance. This overview is based on answers to PayScale's salary questionnaire.

XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).

XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).

Find Out Exactly What You Should Be Paid

Job Description for Branch Manager, Banking

The primary responsibility for the Bank Branch Manager is to initiate sales, and increase revenue for a bank. This position is must be a leader for other employees and not only drive, but monitor the growth and performance of goals. A minimum of an Associate degree with five year experience in management and banking is required, and a Bachelor’s Degree in a related field is preferred. In addition, a Branch Manager must both register, and maintain a license with The National Mortgage Licensing System and Registry. This is done so the branch can operate in compliance with the S.A.F.E (Secure and Fair Enforcement for Mortgage Licensing) Act.

Ability to maintain a high level of customer service is mandatory. An ideal Branch Manager will be able to instill trust and create lasting relationships with bank customers. Knowledge in banking required to provide an educated reference for bank employees and furthering their education and skills set.

The Bank manager will work directly with customers, bank staff, and the corporate office to report and be responsible for bank operations. Typical office hours are Monday - Friday, during bank hours of operation, and closed on government holidays.

Branch Manager, Banking Tasks

Drives sales and loan quotas.

Promotes business development and customer service standards.

Develop, implement, and manage all bank administrative and sales orientated plans and goals.

Common Career Paths for Branch Manager, Banking

Plan your career path. Drag job titles to investigate a particular path and click on a link to see where particular career can lead.

There are some Banking Branch Managers — though it's uncommon — that transition into VPs of Operations, where earnings are an average $122K annually. When Banking Branch Managers are ready for the next step in their careers, they often become Bank VPs & Branch Managers or Bank Managers. Those roles pay an additional $16K and $1K, respectively.

Branch Manager, Banking Job Listings

Search for more jobs:

Job Title/Company

Location

Popular Employer Salaries for Branch Manager, Banking

Many Banking Branch Managers can be found at The PNC Financial Services Group, Inc., U.S. Bank, Wells Fargo Bank, SunTrust Banks Inc., and J.P. Morgan Chase & Co. (JPMCC), firms that are at the top of the field. For Banking Branch Managers, comfortable salaries can be found at Citibank; in fact, average earnings are around $79K, the highest in the area, though the difference in the company's lowest and highest employee paychecks ($55K versus $96K) is great. J.P. Morgan Chase & Co. (JPMCC), TD Bank, N.A., and Capital One Financial Corp also offer top salaries for Banking Branch Managers. Workers at these firms can expect to earn about $73K, $68K, and $68K, respectively.

With a median salary of only $44K (79 percent lower than the top payer), Federal Credit Union lags significantly in the earnings department. Other low-paying employers include Woodforest National Bank at $49K and SunTrust Banks Inc. at $55K, though some Banking Branch Managers there earn up to $78K.

Popular Skills for Branch Manager, Banking

This chart shows the most popular skills for this job and what effect each skill has on pay.

Survey participants wield an impressively varied skill set on the job. Most notably, skills in Sales Management, Business Development, Team Leadership, and Leadership are correlated to pay that is above average, with boosts between 4 percent and 13 percent. Skills that seem to negatively impact pay include Scheduling, Training, and Mortgage Loans. Those familiar with Banking also tend to know Team Leadership and Consumer Loans.

Pay by Experience Level for Branch Manager, Banking

Median of all compensation (including tips, bonus, and overtime) by years of experience.

More years of relevant experience do not necessarily translate to higher paychecks. Salaries of relatively inexperienced workers fall in the neighborhood of $50K, but folks who have racked up five to 10 years see a notably higher median of $55K. Banking Branch Managers with one to two decades of relevant experience report an average salary of approximately $58K. People who have worked for more than 20 years report a median income no higher than the median for folks with 10 to 20 years of experience.

Pay Difference by Location

New York, Los Angeles, and Chicago — America's three largest cities — boast salaries well above the national rate for Banking Branch Managers. With compensation 4 percent below the national average, Pittsburgh is not known for hefty paychecks and actually represents the lowest-paying market.